Tata Steel running with 50% capacity, efficiency sees improvement
JAMSHEDPUR: Tata Steel running with 50% capacity, efficiency sees improvement – Tata Steel CEO and director T V Narendran on Wednesday evening interacted with the company’s vendors and therefore the owners of ancillary units in Steel City and in Adityapur, as a part of a confidence-building measure, where he said that the steel giant is running with reduced capacity at the instant but it’s yielding better results with limited resources.
Narendran, while speaking through video conference, said, “The ongoing lockdown has necessitated the corporate to run the plant with 50% capacity but this has caused an improvement in our efficiency.” He added that demand from the domestic market is usually coming from the healthcare, furniture, oil, and gas sectors. “The demand from the automobile and construction sectors, which form the majority of our demand, is currently very low.
Emphasizing that Covid-19 is here to remain, Narendran urged everyone to vary one’s lifestyle to deal with the disease. Noting that the country has limited resources to tackle the virus, Narendran said, “India is currently testing around one lakh people per day when it must test 20 lakh, people, during a day to hide the whole population.”
He added that the present crisis has made the corporate officials look around its archives to see how Tata Steel handled an identical situation when it witnessed the Spanish flu in 1919. “At that point, one could easily spot a patient infected with the Spanish flu, but today a Covid-19 infected person looks normal,” he said.
Responding to a vendor’s query, Narendran said that employing the migrants, who have recently returned to their native states, maybe a challenge but the recent policy announcement by the Union government on agriculture looks optimistic. “Industrialisation within the state must be increased to affect unemployment among the migrants,” he added. He also advised the MSME units to rely more on technology to deal with the tough times ahead.
Read more Private Sector News on India Frontline.